Gold News

Buy Gold 'on the dips'

Investors have been urged to Buy Gold on the dips in the market and sell on the troughs.

That is according to Natapon Khamthakrue, an analyst at Thailand-based Globlex Securities, which specialises in Gold Investment.

Speaking to the Bangkok Post, he said that Gold Prices could grow as a result of increased demand from India, where sales of the precious metal tend to pick up between April and November for the wedding season.

Gold Prices may have fallen in the short term following the fallout of Securities and Exchange Commission's fraud suit against Goldman Sachs.

However, Pete Sorrentino, of Huntington Asset Advisors in Cincinnati, which manages $12.8 billion, does not believe that there will be long-term repercussions in the commodities markets.

"Any time things go legal and legislative, some people do see it as the time to put the lid on things and get out of the markets, but this will be short-lived," he told Bloomberg.

"There are a lot of other trading houses that will be able to step in and provide liquidity."

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